In brief:
- Users can now trade NFTs across major marketplaces
- Gas fees saw a 15% price drop
- Uniswap will airdrop approximately $5M USDC to its community
Fully decentralized cryptocurrency exchange Uniswap announced a few days ago, on the last day of December, that NFTs are officially live on its platform, and users can now freely buy, sell and trade their favorite Non-Fungible Tokens (NFTs), all in one place.
NFT, or Non-Fungible Token, is a digital asset on the blockchain with a unique identifier number and other meta-data. NFTs are the most secure and transparent method to distribute, trade, store, and track digital and physical assets.
To go along with the launch, Uniswap decided to give something back to its community, ultimately airdropping approximately $5M USDC to certain historical Genie users. Additionally, Uniswap will start a gas rebates promotion to welcome its new users. Learn more about the benefits here.
As an aggregator, Uniswap users will now have access to surface listings from all the notable NFT marketplaces, including X2Y2, Sudoswap, LooksRare, and more.